Condominium Ownership (Wohnungseigentum)
Condominium ownership (Wohnungseigentum) in Germany: how it is established, what it consists of, and how it differs from individual ownership (Sondereigentum).
Management
§ 1 ff. WEG
Auch bekannt als: apartment ownership, flat ownership, residential unit ownership
Condominium ownership (Wohnungseigentum) under German law is the individual ownership (Sondereigentum) of an apartment combined with a co-ownership share in the common property (Gemeinschaftseigentum). Each apartment receives its own land register folio (Grundbuchblatt). The owner can freely sell, rent out, and encumber their apartment. (§ 1 ff. WEG)